ABA Community Banking
OCTOBER 9, 2023
Community banks need to get engaged on the regulators’ capital framework overhaul, outgoing ABA Chair Dan Robb told ABA’s Annual Convention in Nashville this morning. The post Dan Robb: Capital proposal is concerning to community bankers appeared first on ABA Banking Journal.
Abrigo
OCTOBER 10, 2023
How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." WATCH WEBINARS Takeaway 1 All businesses perform industry analysis, but financial institutions in particular must know their customers' competitive landscape.
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Abrigo
OCTOBER 10, 2023
Use the fraud triangle to prevent fraud at your institution The concept of the fraud triangle is frequently used in business, accounting, and criminology. How can you put it to use at your financial institution? Would you like other articles like this in your inbox? Takeaway 1 The fraud triangle concept describes three factors that, when combined, incentivize a person to commit fraud.
CFPB Monitor
OCTOBER 9, 2023
The Office of the Comptroller of the Currency’s (OCC) Committee on Bank Supervision (CBS) recently issued its annual Bank Supervision Operating Plan for FY 2024, which sets forth the OCC’s supervision priorities and objectives across CBS operating units. The Plan also facilitates the execution of supervisory strategies for individual national banks, federal savings associations, and federal branches of agencies of foreign banking organizations (collectively, Banks). .
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Jack Henry
OCTOBER 11, 2023
Financial crimes like fraud, money laundering, and embezzlement pose significant threats to the integrity and stability of our payments and financial systems. Financial crimes not only result in substantial losses but also erode public trust in financial institutions.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
OCTOBER 10, 2023
Lenders at an American Bankers Association conference this week railed against proposed regulatory requirements they argue could drive up costs, curb credit availability and ultimately hurt borrowers in already fragile economic times.
ABA Community Banking
OCTOBER 10, 2023
Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation. The post Banking at the intersection of mission and opportunity appeared first on ABA Banking Journal.
Jack Henry
OCTOBER 10, 2023
The Big Picture While real-time payments are driving speed and innovation and consumers are taking advantage of enhanced ease of use, immediate funds transfers, and frictionless experiences – so are fraudsters.
Payments Dive
OCTOBER 10, 2023
The service, built on top of the Fed’s instant payments network, allows customers to verify a bank account within 15 seconds before sending a payment, Orum said.
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Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
South State Correspondent
OCTOBER 12, 2023
Many parents have dealt with the issue of how to divide Halloween candy among siblings. It takes work. If all houses gave out the same candy, it wouldn’t be a problem. But houses give out different sweets. Further, trick-or-treaters have different preferences. Whatever the case, candy, and preferences are not all the same. As a result, candy is distributed unevenly, forcing parents concerned with equality to employ some game theory.
Abrigo
OCTOBER 10, 2023
Loan review issues include staffing challenges and training. Last year's 2022 Loan Review Survey by Abrigo found these four common challenges in effective loan review. Review the 2023 Loan Review Survey results with experts and get their take on emerging trends and best practices register for Webinar Takeaway 1 Effective loan review requires experienced staff, well-organized outsourcing, or a combination of the two.
CFPB Monitor
OCTOBER 12, 2023
The Superior Court of New Jersey, Appellate Division in Jennifer Woo-Padva v. Midland Funding, LLC , recently affirmed the dismissal of consumer fraud claims brought against a debt collector pursuant to the New Jersey Consumer Finance Licensing Act (CFLA), holding that a debt purchaser is not liable under the New Jersey Consumer Fraud Act (NJCFA) for failing to obtain a state license under the CFLA.
Payments Dive
OCTOBER 13, 2023
Global cash use declined four percentage points last year, continuing a pandemic-era trend, consulting firm McKinsey said in a recent report.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
South State Correspondent
OCTOBER 9, 2023
In two articles in the past few weeks ( here and here ), we discussed how the “higher-for-longer” interest rate environment will affect the community bank sector – continued increase in the cost of funds (COF), steady yields on loans, and a decrease in net interest margin (NIM) will put severe pressure on ROE for new loan originations. Community banks must improve the performance of their existing portfolio.
TheGuardian
OCTOBER 12, 2023
In an exclusive interview, Akinwumi Adesina, head of the African Development Bank and ‘optimist-in-chief’, says the outlook is good for a continent with both the workers of the future and the best investment opportunities Africa holds the future workforce for the ageing economies of the west, according to one of the continent’s leading financial figures, who also said it was time to ditch the myths around corruption and risk.
Realwired Appraisal Management Blog
OCTOBER 11, 2023
As a Chief Appraiser, what does your boss think of your performance? Do they see you as a cost center or a valued C-Suite professional being a lighthouse helping their bank navigate current challenges? Cows huddle during a storm, bulls choose to run through it. Ironically, the bulls get through the storm quicker.
Payments Dive
OCTOBER 10, 2023
Pacsun, GameStop and Tag Heuer have all introduced crypto activations in recent years as the payment option grew in popularity.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
American Banker
OCTOBER 9, 2023
The Fed's meteoric increase in the federal funds rate over the last 18 months has left banks holding billions in unproductive investment securities. Helping them would be good for the economy.
TheGuardian
OCTOBER 8, 2023
US Senate is eyeing a bill that would allow banks to do business with cannabis companies – now, if only they would vote on it Imagine that you run a perfectly legal business but are unable to open a simple checking account at a national bank. Believe it or not, that’s the case right now for anyone licensed to sell cannabis in the US. Given the size of the cannabis industry, it’s pretty shocking.
Commercial Lending USA
OCTOBER 12, 2023
That's where self storage financing comes in. In this blog, we'll explore self storage financing. It can help you take advantage of opportunities in this thriving sector.
Payments Dive
OCTOBER 12, 2023
The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
The Paypers
OCTOBER 12, 2023
Global payments technology company Mastercard has revealed that it demonstrated CBDC interoperability for trusted Web3 commerce in Australia.
TheGuardian
OCTOBER 8, 2023
JP Morgan also approached as Metro reportedly tries to thrash out rescue package with investors The Bank of England’s regulatory arm is understood to have approached a number of big lenders in the past few days, including NatWest and JP Morgan Chase, to see if they had any interest in the embattled high street rival Metro Bank. JP Morgan Chase examined a potential bid to take over the whole of Metro after speaking to the Prudential Regulation Authority (PRA) but decided on Saturday night not to
William Mills
OCTOBER 9, 2023
Our CEO, William Mills, attended this year's FinovateFall in New York and sat down with leading fintech and financial services innovators to examine the latest technological advancements in the industry. To watch the full interview series below, create a free Streamly account. Streamly is a new way to watch business videos, delivered by experts and tailored to your needs and interests.
Payments Dive
OCTOBER 11, 2023
The issuing-processing fintech is pursuing tie-ups with Deloitte, PwC and other big advisory firms to further its growth globally.
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